The project “Abqalam” is a multi-active trading platform providing financial services to its clients to help them reach new heights in the investment field. The homepage of the official website abqalam.net, which is available in multiple languages, including Russian, states that 147,652 clients regularly use the organization’s services, the daily turnover is 4,866,971,973 USD, and the total balance of all users amounts to 792,720,698 USD.
According to the information published on the website, the organization Abqalam was registered in the territory of the Republic of Cyprus in 2017, office address: Trion Ierarchon 32, Larnaca 7101, Cyprus. In a special section of the website, you can find links to registers of legal entities that should confirm the registration of the organization with regulators of the following countries:
The remaining sections of the website publish documents on the internal work of the company, world economic news, answers to frequently asked questions, phone number, and email address of technical support.
The trading agent “Abqa Lam”, through its trading platform, offers its users a wide selection of trading assets, including currency pairs, company stocks, indices, cryptocurrencies, commodities, and metals. The broker offers users three types of trading accounts.
The trading intermediary does not provide information about fees for its services. You can register and create a personal account using the domain abqa-lam.co.
Clients are offered a choice between the trading platform of the broker Abqa Lam or through third-party terminals (MetaTrader 4, MetaTrader 5). The organization’s website emphasizes the following advantages of their trading platform: ergonomic interface, powerful market analysis tools, high level of client data security. Users have access to a demo account and automated trading.
The broker Abqa Lam provides insufficient information about methods of depositing and withdrawing funds. By studying the frequently asked questions, you can find out that you can top up your account and withdraw money using debit and credit cards, as well as electronic wallets, by creating an application in the Abqalam personal account. The trading agent does not provide information on commissions and transaction times.
The trading intermediary “Abqa Lam”, due to the incompleteness of the information provided on trading conditions and money withdrawal, cannot claim leading positions in the broker rankings, even considering its licensing documents from regulators. Before working with such a trading agent, you should study information from independent market experts and check genuine reviews about Abqalam from platform users.
Again, these cloned scammers, well, they never get tired of multiplying. I remember a similar scam called Dehaismgt, or something like that, better read what people write in reviews about their other clones. I unfortunately left 2 thousand with such brokers, so I advise no one to work with them…
The brokerage organization Abqalam is not a bad place for trading, despite my initial doubts. It offers a quite standard set of trading instruments, and the same can be said about everything else. In this regard, the broker doesn't offer anything surprising, but I was personally pleased with the opportunity to work through other trading platforms, although I didn't like it, plus I am already used to MetaTrader4. It's not that I'm directly recommending it to everyone, but you can try this firm.
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